Funding arb · Price arb /

H

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against Bitget−0.029%7-day average +0.098% · you buy dearer than you sell

Net, funding: paid 7d − costs−$299as in the Funding arb table

Net, price: spread back to 7d avg − costs−$336as in the Price arb table

costs, in and out, $10k−$3233.235% of the position

Long on Bitget Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.245%+$25 on $10k

Price spread, last 7 days+0.191%+$19 · spread now −0.029%, 7d avg +0.098%

Together, before fees+0.436%+$44 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.128% cheaper against Bitget than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of +0.098%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget HUSDT	0.06867	0.0100	pay 0.0050% / 4h	2h 31m	$1.7M	$446K	4x
Short	BingX H-USDT	0.06865	0.0100	get 0.0050% / 4h	2h 31m	—	$2.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BitgetbpFee BingXbpOrdersPrice spread, now −0.029%Rate

Funding earned: $0
Price spread: −0.029% → +0.098%: −$12.76
Slippage, 4 orders: −$301.46
Fee Bitget: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$336.21
Costs to cover: 3.235%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; BingX: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bitget live order book, 5 min ago	8.81 bp	150.6 bp −$151	413.7 bp −$4,137	doesn't fit	doesn't fit
Sell BingX live order book, 3 min ago	2.93 bp	19.3 bp −$19	99.5 bp −$995	doesn't fit	doesn't fit

H on 14 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective H/USDC PERP	+0.0033%	1h	0.06250	−8.985%	$1K	$1	5.5x	as long as short
Aster HUSDT	+0.0100%	4h	0.06858	−0.138%	$112K	$55K	5x	as long as short
Binance HUSDT	+0.0100%	4h	0.06865	−0.029%	$14.7M	$11.0M	10x	as long as short
Bybit HUSDT	+0.0100%	4h	0.06861	−0.093%	$7.6M	$4.9M	13x	as long as short
OKX H-USDT-SWAP	+0.0100%	4h	0.06872	+0.073%	$1.8M	$6.4M	10x	as long as short
Gate H_USDT	+0.0100%	4h	0.06859	−0.116%	$2.8M	$1.8M	10x	as long as short
MEXC H_USDT	+0.0100%	4h	0.06865	−0.029%	$6.1M	$1.1M	20x	as long as short
KuCoin HUSDTM	+0.0100%	4h	0.06861	−0.087%	$1.6M	$10.1M	8x	as long as short
Bitget HUSDTlong	+0.0100%	4h	0.06867	long leg	$1.7M	$446K	4x
BingX H-USDTshort	+0.0100%	4h	0.06865	−0.029%	—	$2.7M	—

Show all 14 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Variational Omni H	+0.0100%	4h	0.06805	−0.896%	$8K	$5K	—	as long as short
GRVT H_USDT_Perp	+0.0100%	4h	0.06817	−0.734%	$1.1M	$441K	10x	as long as short
Extended H-USD	+0.0104%	1h	0.06866	−0.011%	$9K	$97K	5x	as long as short
BloFin H-USDT	+0.0140%	4h	0.06810	−0.830%	$589K	$111K	25x	as long as short